| The battle lines are hardening in the fight over control for the mining company Xstrata. Qatar Holding, the sovereign wealth fund of the Persian Gulf nation, has increased its stake in the company to above 12 percent from 11.95 percent, buying nearly £24 million ($38 million) of shares, as it continues to oppose the planned $30 billion takeover of Xstrata by the commodities trading company Glencore International.
The move comes days after Ivan Glasenberg, Glencore’s chief executive, insisted that his company would not pay a higher price for Xstrata and could walk away from the deal. Qatar Holding, the second-largest Xstrata shareholder behind Glencore, has been steadily amassing a larger stake...............................................Full Article: Source
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